Canada posts 6th straight monthly trade deficit
Canada posts sixth straight monthly trade deficit in August
Canada recorded a bigger than expected trade deficit of C$1.1 billion ($806 million) in August, its sixth consecutive monthly shortfall, as imports rose while exports declined, Statistics Canada data showed on Tuesday.
Lower Oil Exports Drag Canada Into Sixth Monthly Trade Deficit
Canada recorded a C$1.1 billion ($806 million) trade deficit in August as crude oil exports fell, driven mainly by lower prices for the commodity that is central to the country’s economy.
Canada Goods-Trade Deficit Widens in August to C$1.1B -- Update
When international trade in goods and international trade in services were combined, Canadian exports were down 0.7%, while imports edged up 0.1%. As a result, Canada's trade deficit incorporating both goods and services widened to C$2.43 billion from C$1.81 billion.
Statistics Canada reports $1.1B merchandise trade deficit for August
Statistics Canada says the country posted a merchandise trade deficit of $1.1 billion in August as lower oil prices weighed on exports. The agency said Tuesday the result compared with a revised deficit of $287 million in July.
Canada August wholesale trade most likely down 1.1% - Statscan flash estimate
Canadian wholesale trade most likely fell 1.1% in August from July, largely driven by lower sales in five out of seven subsectors, Statistics Canada said in a flash estimate on Thursday.
U.S. Trade Deficit Narrows In August As Exports Jump, Imports Fall
With exports surging and imports falling, the Commerce Department released a report on Tuesday showing the U.S. trade deficit
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Lower oil exports drag Canada to sixth monthly trade deficit
Exports of forestry products and building and packaging materials dropped by 5.5 per cent to $3.8 billion in August, their lowest level since July 2023. Lower shipments of pulp and paper to China and ...